Alexandria Minerals 42,916,666-share private placement
2017-04-26 16:24 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 4, 2017.
Number of shares: 42,916,666 shares
Purchase price: six cents per share
Warrants: 42,916,666 share purchase warrants to purchase 42,916,666 shares
Warrant exercise price: nine cents for a two-year period
Number of placees: three placees
Insiders: 2176423 Ontario Ltd. (Eric Sprott), 33,333,333 shares; Mary Vorvis, 1.25 million shares
Finder's fee: Sprott Private Wealth LP, $150,000 and 2.5 million finder's warrants exercisable into common shares at six cents per share for a 24-month period
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the company issued a news release dated April 13, 2017, announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the exchange may later extend the expiry date of the warrantsif they are less than the maximum permitted term.
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